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    Free Graham valuation tool

    Benjamin Graham Formula Calculator

    Benjamin Graham's classic intrinsic-value formula in 30 seconds. Enter EPS, expected growth, and the AAA bond yield — the calculator returns a per-share fair value and the price at which you'd have a full 30% margin of safety.

    Conservative analyst consensus or your own estimate.

    Roughly 4–5% currently. Lower yield = higher fair value.

    30% margin-of-safety buy zone
    $100.61
    Graham intrinsic value per share
    $143.73

    Formula: V = EPS × (8.5 + 2g) × 4.4 / Y. Conservative buy zone: market price ≤ 70% of fair value.

    The Graham formula explained

    V = EPS × (8.5 + 2g) × 4.4 / Y. The 8.5 is the P/E Graham assigned to a no-growth company. Adding 2g rewards growth. The 4.4 / Y term anchors the result to current interest rates — when bond yields rise, the fair value of stocks falls.

    Strengths and limits

    • Fast — one line of math, no spreadsheet.
    • Best for stable, profitable businesses with positive EPS.
    • Sensitive to optimistic growth assumptions — be conservative.
    • Less appropriate for cyclicals, early-stage growers, or non-earners.

    Other free valuation calculators

    DCF (10-year)
    Discounted cash flow + Gordon terminal
    Gordon growth (DDM)
    Dividend discount model for payers
    Intrinsic value hub
    All three side by side
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    Disclaimer: This is not financial advice. All analyses are for educational purposes only. Always do your own research (DYOR) and consult a licensed financial advisor before making investment decisions. Past performance does not guarantee future results.